Egg wholesaler

Peter Mwangi

Thika, Kenya

20% repaid

Entrepreneur

Name

Peter Mwangi

Member since

October 2014

On-time repayments

257 installments  •  23%

About Me

I am 26 year old and married man.Is grew up in Nairobi where i undertook my primary school at Thawabu Primary school.Later i moved to Thika and went to Kigumo Bendera high school for my Secondary school.I taught at Kianjau primary to be able to raise my college Tuition fee and i was able to pursue CPA,currently i am pursuing B.com at Mount Kenya university.I started a Eggs trading business at Kilifi with my one years saving at Kilifi.Later in the year 2013 i was able to move to malindi due to demand.This year in December i moved to Mtwapa where the business has run almost a month.Considering mtwapa is 24 hour economy there is quite a bigger market larger than two areas invested.I like traveling,research and playing football.

My Business

My business came up as a result of realizing scarcity in food commodity at Kilifi.After saving $55 a month in the year 2012 from my salary,i started a stall at kilifi with 100 trays of eggs.The business was challenging at fast as i was marketing it to the locals.After a month it started responding well and i hired one lady and the delivery man.From the business savings and salary i was able to open a branch at malindi in the year 2013.The year 2014 December i have a new branch at mtwapa.The cost of per tray is $3.11 and the selling price is $3.44-3.67 depending with the location.My avarage sales is $6889 a month at Kilifi and total costs are $ 6406 per month.Malindi revenue is $4133 and total cost is $3861.Looking at the avarage performance at mtwapa am looking foward at it being the best branch.My income is used to pay my school fees,my wife school fees and re-investment.

Loan Proposal

I am planning to use the loan to buy the 2nd motorbike.This will highly facilitated my distribution. It will cost me $1000 to buy a new motorbike whereby $500 dollars I will top up from my profits. This will improve my sales and profit by about $50 dollars a week due to access to a large area.I will increase my savings,pay installments easily and improve my family livelihood.Thanks Zidisha team and lenders for your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$514.01

Date disbursed

May 5, 2016

Repayment status

Late

Projected term

58 months

Cost to entrepreneur

Service fee: $21.17

Lenders

AltruisticSelfishnes

Chicago, United States

Scott

Oregon, United States

Zidisha

Sterling, United States

B

blahblah

Nuernberg, Germany

G

graememoss

Amsterdam, Netherlands

indeh

London, United Kingdom

juliemartha

Lake Mary, United States

mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

JonB

London, United Kingdom

K

khassi

AinEbel, Lebanon

dlpringle

Denver, United States

sderickson

Berkeley, CA, United States

Matching Fund

Sterling, United States

R

rossgarlick

United States

B

bugdaniel

Switzerland

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

Otto Barten

Amsterdam, Netherlands

Dave Bogard

New York, United States

MW

Matt Willis

United States

W

Wade

United States

Yustian Hartono

Singapore, Singapore

E

erica

antwerpen, Belgium

John Minges

United States

Aran Dunlop

United States

E

ebahlquist

United States

EF

Eddie Flores

NYC, United States

DL

Dan Lawrence

United States

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

S

stevensau

United States

KE

Karen Epolito

Syracuse, NY, United States

GG

Gituru Gitumbi

Seattle, United States

S

Stephanie

Zurich, Switzerland

RC

Rudi Chen

United States

SR

Sharyn Ribich

United States

MB

Mark Blatter

United States

E

Elynne

United States

JB

John Brown

United States

HPK

Switzerland, Switzerland

KirstenAlana

Los Angeles, United States

EB

Erika Barraza

United States

RG

Ravi Gadad

United States

E

Elizabeth

United States

K

Katharina

Germany, Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

K

keithlaycock

United Kingdom

NM

Nitya Marepally

San Ramon, CA, United States

SA

Sam Alan

United States

JD

JASON DORSETT

United States

AB

Andrew Bent

United States

AD

Amy Dinh

United States

PC

Peter Cordier

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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